Personal Finance News
What our customers say..." Presentation of both newsletters and product updates well laid out and easy to read."
PM says public is dealing with debts
David Cameron has encouraged the public to address their financial issues by sorting out their monetary deficits.
In his Conservative speech yesterday (October 5th), the prime minister noted that households are working hard to address their own economic problems.
He said: "The only way out of a debt crisis is to deal with your debts. That's why households are paying down their credit card and store card bills."
In response to his comments, insurance provider Aviva has stated that as a result of the "multitude of financial pressures" families face, they may find it difficult to repay what they owe.
The group said the typical amount held on credit cards, loans and overdrafts for a family is £5,353, while an average of £217.83 is paid by households every month to reimburse these finances.
Aviva's statistics also showed that 32 per cent of families see paying off their deficits as a priority after everyday expenses, and head of protection marketing for the insurance provider Louise Colley said it is a "normal part of life" for many homes in the UK.
Copyright
In his Conservative speech yesterday (October 5th), the prime minister noted that households are working hard to address their own economic problems.
He said: "The only way out of a debt crisis is to deal with your debts. That's why households are paying down their credit card and store card bills."
In response to his comments, insurance provider Aviva has stated that as a result of the "multitude of financial pressures" families face, they may find it difficult to repay what they owe.
The group said the typical amount held on credit cards, loans and overdrafts for a family is £5,353, while an average of £217.83 is paid by households every month to reimburse these finances.
Aviva's statistics also showed that 32 per cent of families see paying off their deficits as a priority after everyday expenses, and head of protection marketing for the insurance provider Louise Colley said it is a "normal part of life" for many homes in the UK.
Copyright
Published: 06/10/2011
The information in this article was correct at the time of publication and contains time sensitive data and links, it may not be accurate at the time of reading.